Guideline Value for SRI KUMARASAMY NAGAR

Sri Kumarasamy Nagar guideline value

The current guideline value of Sri Kumarasamy Nagar is Rs 2,130 per sq.ft. This area is located in Chikkarayapuram village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Sri Kumarasamy Nagar has changed

The guideline value for Sri Kumarasamy Nagar has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,300 per sq.ft, which increased to Rs 1,941 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 2,130 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions highlight the upward trend in the guideline value.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Sri Kumarasamy Nagar's 2024 figure above that median.

• Sri Maruthi Nagar: Rs 1,980 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 1,980 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,980 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 1,980 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,980 per sq.ft (2024)
• Sri Sayee Nagar Extension: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kumarasamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,130 per sq.ft, the guideline value amounts to Rs 21,30,000. The stamp duty at 7% would be Rs 1,49,100, and the registration fee at 2% would be Rs 42,600, bringing the total fees together to Rs 1,91,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kumarasamy Nagar?

The Sub Registrar Office covering Sri Kumarasamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Chikkarayapuram

The guideline value plays a crucial role in the registration process when buying or selling property in Chikkarayapuram. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is registered at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Kumarasamy Nagar?

The current guideline value of Sri Kumarasamy Nagar is Rs 2,130 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,300 per sq.ft to Rs 2,130 per sq.ft in 2024, marking a 64% rise over this period.

What is the land classification for Sri Kumarasamy Nagar?

Sri Kumarasamy Nagar is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the registration office for Sri Kumarasamy Nagar?

The registration office for Sri Kumarasamy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sri Kumarasamy Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.